German bank Pbb has provided €150m (£117m) in finance for two towers in Frankfurt.
RFR Group and a business partner will use the funds to convert the Hochhaus am Park high-rise buildings in the city’s west end. The converted assets will provide 100 flats covering 147,400 sq ft in one tower and a 140-room, five-star hotel in the second tower.
The project will complete in mid-2019.
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